Thread: Market Scope Charts FAQ

Market Scope Charts FAQ

Please click on the appropriate link below to view the answer to your question:

Top Questions

• How do I trade from the charts? Click here.
• How do I create a new chart? Click here.
• How do I add or remove a technical indicator? Click here.
• How do I get the four default charts back? Click here.
• How do I change the symbol? Click here.
• How do I change the time period? Click here
• How do I view a different type of chart (line/bar)? Click here
• How do I change the time zone?Click here

Customizing the Charts and Adding Technical Indicators

• How do I draw a trend line? Click here.
• How do I see the open, high, low or close for a period? Click here.
• How do I apply my indicators to another chart? Click here.
• How do I save my layout? Click here.
• How do I add Fibonacci lines? Click here.
• How do I overlay another price on my charts? Click here.
• How do I measure the distance between two bars in pips? Click here.

Advanced Features

• How do I view two charts (or more) at once? Click here.
• Where can I find custom indicators? Click here.
• How do I setup Price Alerts? Click here.
• How do I setup e-mail alerts? Click here.
• How do I export the chart data? Click here.

If you have additional Market Scope Chart questions, please post your question and we will reply with an answer!

How do I trade from charts?

Placing orders from the Marketscope 2.0 charts has never been easier.

To place market orders from the charts, follow these simple steps:

Step 1: Right click inside the Market Scope chart and select Create Market Order.

Step 2: The Create Market Order window will appear. Verify the Symbol, Sell/Buy, and Amount for the order and click OK.

Step 3: Once the order is executed, the open position will display on the Market Scope charts for convenient position management.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

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How do I create a new chart?

The steps to create a Market Scope Chart are:

Step 1: Click Charts on the main menu bar located at the top of the Trading Station II, then Create Marketshot. You can also click on the Yellow Clock Icon from the Navigation Menu to the right of the Chat Button.

Step 2: A Create Marketshot window will appear. Select the symbol, period, and click OK.

Step 3: A Market Scope chart will display.

Is there a faster way to open a chart?

Yes! Ctrl+M is the keyboad shortcut to open a chart. The Trading Station II allows you to set shortcuts for some of the most popular functions. The default shortcuts can be viewed from the Systems option under the main menu bar. To set a hotkey, simply click on Systems from the main menu bar and select shortcuts.

How can I add my favorite indicators without adding each one separately?

We know that getting your charts setup as quickly as possible is an important feature, because in trading each second counts!

To learn more about how you can setup templates for your favorite indicators and how to apply them to your charts, click here!


Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

Are you looking to customize your charts? Click Post Reply and let us provide a solution!

Return to the Market Scope Charts FAQ

How do I add or remove a technical indicator?

Complete the steps below to add a technical indicator:

Step 1: From the Marketscope 2.0 Chart Window, click Insert> Add Indicator. Additionally, you can right click inside the chart and click on Add Indicator or click on the Add Indicator button. An Add Indicator Window will appear.

Step 2: From the Add Indicator Window, select the indicator from the list of indicators and click OK.

Step 3: An Indicator Properties Window will appear. Select the Parameters, Data Source and Location using the tabs at the top of the window. Click OK.

Step 4: The Technical Indicator will display on the Marketscope Chart based on the settings chosen.

How do I remove technical indicators?

Complete the steps below to remove a technical indicator:

Step 1: Right-click directly on the technical indicator inside the Chart window.

Step 2: A pop-up menu will appear that provides the option to change or remove the technical indicator.

Step 3: Click Remove Indicator ‘Name’, where Name is the name of the indicator you wish to remove.

Step 4: The indicator will be removed from the Marketscope Chart.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I get the four default charts back?

There may be a time when you’d like to reset the charts back to their default settings, and we have made this process and easy as possible. To reset your charts back to the default setup, follow these simple instructions:

Step 1: Click on “File” in the upper left corner

Step 2: Click on “Default Layout” and the charts will return to their original position

How can I add new charts or customize the way the charts are arranged?

Having the ability to customize your charts and set them up how you see fit is one important feature that is included in the MarketScope charting software. To learn more about how you can fully utilize this feature, click here for a visual guide!

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I change the symbol?

The symbols box located at the top-left of the Marketscope Chart window allows you to change the current symbol to a new symbol.

The steps to change the symbol are:

Step 1: Click the drop-down arrow for the symbols box at the top-left of the Marketscope Chart window.

Step 2: Click the symbol you wish to view

Step 3: The Marketscope Chart will update to the new symbol.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I Change the Time Period

The time period is changed through the time period field located at the top-left of the Marketscope Chart window.

Complete the following steps to change the time period:

Step 1: Click the drop-down arrow for the time period box. A drop-down menu will appear.

Step 2: Select the period you would like to view. If you would like a custom time period, type the first letter of the time period (m for minutes, h for hours and d for days), then the number of units for that period (ie; type m2 for a 2 minute chart).

Step 3:Click Enter if you typed your own custom time period and the Marketscope Chart will update automatically.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I View a Bar or Line Chart?

Chart Mode allows you to change the chart appearance to meet your needs. Complete the following steps to change the chart mode:

Step 1: Right click inside the chart. In the drop-down menu, scroll down to Chart Mode and select the chart mode you prefer.

Step 2: The Marketscope Chart will update automatically once you click on the chart mode you prefer.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I change the time zone?

The FXCM Trading Station platform is built to be flexible and meet the needs of your trading styles and strategies. To change the time zone that is being displayed on your platform and charts, follow these simple steps:

Step 1: Click on “System” in the upper right corner and select “Options.”

Step 2: Next, click on “General Trading” to access the section of the Options menu that contains the time zone information.

Step 3: On the right side of the options, click on “View format of time field” and select the time zone that will work the best for you.

UTC – Coordinated Universal Time format. UTC is the time zone that you should select to st your Trading Station platform to GMT time.
Server – Server time is the default selection and is set to East Standard Time (EST).
Local – Local time will set the platform to whatever the time is on your own computer.
Financial Time – Financial time will set the time to where 00:00 represents the beginning of the trading day.

Step 4: To save the changes click on “Apply” in the lower right corner of the options menu and then click on “OK.”

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I draw a trend line?

One way to increase the probability of making a successful trade is to look for the strongest trends and then trade in the direction of this dominant trend. Drawing trend lines on the platform is quick and easy. To place a trend line on the chart, follow these simple instructions:

Step 1: Click on the small pencil icon at the top of the MarketScope charts:

Step 2: Left click on the chart where you would like the trend line to begin, hold the mouse button down, drag your mouse to where you would like the trend line to connect, and release the button.

Step 3: From the dialogue box that appears, you can change the settings for the trend line.

I’m interested in learning more about trend trading, where can I find more information?

The DailyFX Education Department never stops emphasizing how important it is to be able to identify a trend. Below you can find some helpful resources to learn more about trend trading:

• Identifying the Trend - Video – Trading in the direction of the trend is one of the most important concepts in trading. Click here to view the video!
• Trend of the Day – The Trend of the Day is a thread that is put together by FXCM’s Education Department and aims to find currently trending markets. Click here to visit the thread!

How can I draw parallel lines?

Having the ability to draw parallel lines is a very useful feature when a trader is wanting to construct a price channel. To add a parallel line to your charts, follow these simple instructions.

Step 1: Draw your first trend line on the chart.

Step 2: While holding down the Control (CTRL) key on the keyboard left click on your existing trend line. A copy of your current trend line will automatically be created and can be moved anywhere on the chart to create your price channel.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I see the open, high, low or close for a period?

In the FX market, having access to as much information as possible is an important part of many trading strategies. With the MarketScope charts, it’s never been easier to gather information for any time period or bar. Follow these simple instructions to see how:

Step 1: Load the chart for the time period that you would like analyze

Step 2: Click on the small radar icon at the top of MarketScope ()

Step 3: Move your mouse over any period on the chart and the information will be displayed in the cursor data window.

TIP: Interested in exporting the data for further analysis? Click here to learn how to export the data!

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I apply my indicators to another chart?

We know that getting your charts setup as quickly as possible is an important feature, because in trading each second counts! To learn how to setup templates for your favorite indicators, follow these instructions:

Step 1: Setup the charts to include your favorite indicators. In this case, we’ve added Bollinger Bands and the ADX indicator.

Step 2: Click on File in the upper left corner and then click on Templates and select Save Template.

Step 3: Enter the name of your new template in the Save Template dialogue box.

How can I apply this template to a new chart?

Adding the template to a new chart is quick and easy. Follow these simple steps to apply your new template to any chart!

Step 1: Open a new chart to apply your new template

Step 2: Click on File in the upper left corner and then click on Templates and select Apply Template.

Step 3: Click on the line with the template that you would like to apply

Step 4: Select Open and your template will be applied to the chart

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I save my layout?

Having a consistent environment to trade in is very important to many traders and being able to save your layout is one of the great features available with the FXCM Trading Station II platform.

To save your layout, follow these simple steps:

Step 1: Organize your charts to your preferred setup

TIP: Need a guide on how to rearrange the charts? Visit our chart customization post

Step 2: Click on File and then Layouts and finally on Save Layout

Step 3: Enter the name of your new layout and click on OK to save the layout.

How can I apply my new layout?

Applying your new layout is quick and easy. If you need to apply your new layout, follow these steps:

Step 1: Open MarketScope and click on File and then on Layouts and then on Open Layout.

Step 2: Select your preferred layout and click on OK.

Step 3: Your new template will be applied to your MarketScope 2.0 charts.

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I add Fibonacci lines?

FXCM’s Marketscope charts have been designed to be customizable and user friendly. Keeping with these high standards, drawing Fibonacci lines is easy to do and can be initiated several different ways.

To draw a Fibonacci line you can do any of the following:

Step 1: Left click on the Add Fibonacci Icon at the top of your charts:

Step 2: Right click on a chart, place your cursor over “Chart Elements” and left click on “Add Fibonacci Retracement.”

Step 3: Press the “F” key on your keyboard

Note: You’ll know you are ready to draw your Fibonacci lines when three horizontal lines appear next to your cursor.

How do I draw the Fibonacci lines on a chart?

To draw Fibonacci lines on a chart all you have to do is select the Add Fibonacci option in Marketscope then left click and drag your cursor along the trendline for a currency pair.

• Fibonacci Retracement (Bullish Market): Left click at the trend low on a daily chart and drag your cursor to the trend high.

• Fibonacci Retracement (Bearish Market): Left click at the trend high on a daily chart and drag your cursor to the trend low.

How do I use Fibonacci Numbers to trade?

Fibonacci numbers are used to create lines on a chart representing hidden levels of support and resistance based on market trends. To calculate these, you would use the obvious high and low for a pair’s trendline on a daily chart. Then find the 38.2%, 50% and 61.8% levels based on that trend distance to determine support and resistance.

However, FXCM’s Marketscope charts will take care of those calculations for you!

Once you have your Fibonacci lines on a chart you can use these to trade using your support and resistance based strategies. You can also use technical indicators such as Relative Strength Index (RSI) to better time your entries.

Want to know more about the Relative Strength Index? Click Here to Chat Now and we can schedule a call when convenient for you!

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ

How do I overlay another price on my charts?

Many traders like to have multiple currency pairs pulled up at once in order to analyze how the prices move in relation to each other. With the MarketScope 2.0 charts you can overlay prices on charts to make this analysis even easier!

To overlay a price on your charts, follow these simple steps:

Step 1: Open the MarketScope 2.0 charts and select your desired currency pair.

Step 2: Click on Insert and then on Price Overlay

Step 3: Select the currency pair that you would like to overlay and click on OK

Step 4: The price will be overlaid on your current chart

How can I use a Price Overlay in my daily trading?

The Price Overlay is a powerful feature included in the MarketScope charting package. It allows traders to use other correlations between currencies or indices as an indicator to confirm or reveal an upcoming move.

For example, given the 90% correlation between the S&P 500 index and the EUR/JPY, traders can use the price overlay feature to place the SPX500 over a EUR/JPY chart and look for significant reversal points from key levels of support or resistance on the SPX500 chart and look for possible entries to trade in EUR/JPY in a similar direction. At times, the SPX500 can lead the EUR/JPY and at other times they can move together in lock-step. Since the S&P 500 is one of the most widely watched indices, tracking both the SPX500 and the EUR/JPY can provide an additional level of confirmation to combine with other indicators.

Where can I find more information about correlations?

Each month the DailyFX analyst team releases an updated article providing information about the correlation among multiple currency pairs. This is a great resource for anyone wishing to learn more about how different currencies are correlated.

To view the Forex Correlations article on DailyFX, click here!

Do you have other charting questions?

Many traders find that a 5-10 minute introduction to the features of the Trading Station II platform saves them time and allows them to get fast answers. A trading specialist can contact you at a scheduled time to show you the different changes you can make to the Marketscope Charts and answer any questions you may have. Click Here to Chat Now and we can schedule a call when convenient for you!

If you have other Market scope questions, then please post your question and we will reply with an answer!

Return to the Market Scope Charts FAQ